The spinoff of New Residential (NRZ) from Newcastle Investment (NCT) has been completed and NRZ...

The spinoff of New Residential (NRZ) from Newcastle Investment (NCT) has been completed and NRZ will begin trading on the NYSE today. At the moment, NCT is indicated to open at $5.83, NRZ at $6.70 - a total of $12.53 vs. yesterday's NCT close of $12.33. (PR)

Great. That is a relief. But as long as I get the correct shares, why does it matter if Scottrade credits it 8 hours after it started trading? The money is the same. And I'm not selling. Both (NCT) and (NRZ) should do very well.

I don't see it in my ML account yet either.......and I can't get a quote on NRZ altho my broker told me it was trading@ $6.94Does anyone know how many shares of NRZ we get for each share of NCT? My on line portfolio won't accept the symbol NRZ as yet. Anyone else having that problem?

ML told me it would show Monday! I wasn't following this closely enough... imagine my surprise to see NCT down 53% this morning, and not knowing what the heck is going on. Google answered my questions... but seriously, can't see until Monday? Thanks for nothing Merrill!